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Tesla Rally Continues Shares in Tesla are trading higher pre-market as the stock’s bull run continues. The recovery off the April lows has seen Tesla shares advancing more than 70%, now up over 155% on the year so far. Shifting Fed expectations have been a huge driver behind the aggressive move higher in tech stocks […]

TitleBCOUSD H4 | Running into 50% Fibo resistance TypeBearish Reversal Preference: Price could approach the pivot point of 75.267 and potentially reverse from here; we could see momentum carry price down to its 1st support of 72.132. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 77.519.  To discuss […]

TitleAUDJPY H4 | Bullish bounce from pivot TypeBullish Bounce Preference:Price could approach the pivot point of 94.584 and potentially reverse from here; we could see momentum carry price up to its 1st resistance of 95.52. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 93.812. To discuss this trading […]

The Japanese yen is hit by a new wave of devaluation against the US dollar. The current USDJPY quote is 140.05. Goldman Sachs investment bank revised its inflationary expectations for Japan, increasing them. They are now even higher than the forecast of the BoJ. In fact, a decrease in the CPI below 2% for the […]

The BTC price dropped to 25,977 USD on Wednesday. The flagship cryptocurrency remains as volatile as before. The weekly decline is estimated at 3.6%. A significant support level is at the 25,400 USD level. Below it, there is new support at 24,480 USD. BTC is being bought during the fall, but not very effectively. Seasonal […]

Gold Flat Ahead of Fed Gold prices are looking very muted ahead of the FOMC later today, reflecting some uncertainty in the market. While the Fed is widely expected to pause its 15-month tightening campaign today, expectations are a little more split over the likely forward guidance to be offered and the tone of the […]